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Fitch rates Dominican Republic’s 2024 global bonds ‘B’

NEW YORK–(BUSINESS WIRE).- Fitch Ratings has assigned a ‘B’ rating to the Dominican Republic’s USD1 billion global bond issuance maturing in April 2024. The bonds have a coupon rate of 5.875%.

The receipts from this issuance will be used to cover budgetary requirements in 2013.


The rating is in line with The Dominican Republic’s Long-term Foreign Currency Issuer Default Rating (IDR) of ‘B’, which has a Stable Outlook.


The rating would be sensitive to any changes in the Dominican Republic’s Long-term foreign currency IDR. Fitch affirmed Dominican Republic’s ratings at ‘B’ and revised the Outlooks to Stable from Positive on Dec. 11 2012.

Additional information is available at

Source: DT

Category: DR News |

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Last updated October 24, 2016 at 6:05 PM
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